FXPrimus Review 2019

FXPrimus Rated 4/5

FXPrimus Guide

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXPrimus we break down the pros and cons. What FXPrimus are able to offer, what countries FXPrimus are available in. Who FXPrimus are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FXPrimus

  • Regulated by: CySEC, MiFID
  • Headquarters Country : Cyprus
  • Foundation year 2009
  • Min Deposit : 100
  • Used by over 10,000 traders
  • FXPrimus is not available in the following countries : AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC.
Open FXPrimus's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to FXPrimus

With this review we hope to help you see if FXPrimus is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXPrimus that will help you get off to a good start in the world of online trading.

FXPrimus Review Table of Contents

FXPrimus what you should know

FXPrimus offer two ways to trade: Forex, Social Trading.

With FXPrimus you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FXPrimus platform.

FXPrimus are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXPrimus safe?

When choosing a broker like FXPrimus the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 10 years FXPrimus have a head office in Cyprus.

FXPrimus is regulated. This means FXPrimus are supervised by and is checked for conduct by the CySEC, MiFID regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If FXPrimus violate any regulatory rules their regulated status could be stripped.

Any payments funded to FXPrimus accounts by traders are held in a segregated bank account.

For added security FXPrimus use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FXPrimus. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXPrimus

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker FXPrimus XTB Plus500 Pepperstone
Year Established 2009 2002 2008 2010
Head Office Cyprus Poland Israel Australia
Regulation CySEC, MiFID Financial Conduct Authority, CySEC, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority,UK and ASIC
Used By 10,000+ 250,000+ 15,500+ 10,000+
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No Yes No No
Learn More Visit FXPrimus Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

FXPrimus Pros and Cons

What we like about FXPrimus

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by CySEC, MiFID
  • Min. deposit from $100

What we don't like about FXPrimus

FXPrimus General Fees

  • FXPrimus withdrawal fees varies on payment method
  • FXPrimus doesn't charge inactivity fees
  • FXPrimus does charge deposit fees

FXPrimus Commissions

  • FXPrimus doesn't charge commission on CFD shares.
Broker FXPrimus XTB Plus500 Pepperstone
Min Deposit 100 0 100 200
Withdrawl Fees Varies varies No No
Inactivity Fees No No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees No Yes No Yes

What can you trade with FXPrimus?

You can trade a wide variety of instruments with FXPrimus over 100 instruments infact.

If you are looking at trading currency pairs FXPrimus offer over 45 currency pairs.

Compare FXPrimus with XTB and Plus500 below.

Losses can exceed deposits

Broker FXPrimus XTB Plus500 Pepperstone
Instruments Available 100 1,500 2,000 100
Platforms MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit FXPrimus Visit XTB Visit Plus500 Visit Pepperstone
Forex pairs offered 45 50 100 70
Forex pairs offered 45 50 100 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit FXPrimus Visit XTB Visit Plus500 Visit Pepperstone
Commodities Offered 0 21 17 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit FXPrimus Visit XTB Visit Plus500 Visit Pepperstone
Stocks Offered 60 1696 1816 0
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on FXPrimus web platforms and other applications

FXPrimus offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An FXPrimus IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FXPrimus also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXPrimus's platforms

FXPrimus Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

FXPrimus Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do FXPrimus accept?

FXPrimus offer the below funding payment methods. learn more about FXPrimus

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker FXPrimus XTB Plus500 Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes No Yes

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Performing trades with FXPrimus

FXPrimus allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. FXPrimus allow you to execute a maxium trade of 80 lot. As FXPrimus offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, FXPrimus are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at FXPrimus

To trade effectively with FXPrimus, it's important to get a have a good understanding of the XTB trading tools and the markets.

FXPrimus offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FXPrimus.

Take time to look around the FXPrimus platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at FXPrimus

FXPrimus support a wide range of languages including English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian

FXPrimus have a triple AAA grade support rating because they offer a wide range of languages, live chat and email support.

Broker FXPrimus XTB Plus500 Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit FXPrimus Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

What you will need to open an account with FXPrimus

As FXPrimus is regulated by CySEC, MiFID, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXPrimus's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXPrimus you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxprimus.com/ on 12th August 2018.

Watch this FXPrimus Video

FXPrimus not quite right?

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FXPRIMUS Frequently Asked Questions

Can I try FXPrimus before I buy?

FXPrimus offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do FXPrimus accept?

FXPrimus offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with FXPrimus?

When opening a trading account with FXPrimus, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPrimus trading platforms here.

Is my money safe with FXPrimus?

FXPrimus is regulated by CySEC, MiFID. One of the most important criteria for traders when choosing a broker like FXPrimus is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPrimus, this will be honored. If they violate any regulatory rules their regulated status can be stripped.